I agree that recent events certainly hinder further development, but we must also keep in mind that back in the 60s, there was competition from the Soviet Union, and only now is other competing nations joining the fray, so it'll take some time but NASA will recover and return to the old style. Besides, with the loss of the shuttle fleet, they may also look to other alternatives and if they proceed with this space ladder, then that would make space travel far less costly, thus providing a much needed kick in the backside.